India: Eight Roads-backed Northern Arc secures $28.5m debt from Dutch bank FMO

India: Eight Roads-backed Northern Arc secures $28.5m debt from Dutch bank FMO

Photo by Pau Casals on Unsplash

Northern Arc Capital, which lends to impact-focused companies and also facilitates debt financing, has raised ₹200 crore from Dutch development bank FMO via rupee denominated non-convertible debentures (NCDs), said a senior executive.

Established in 2008, Northern Arc Capital (earlier known as IFMR Capital) connects non-banking financial companies (NBFCs) working among financially excluded households and businesses with investors in existing and emerging debt capital markets. The company also has an asset management business, which invests in debt instruments of these companies, and has assets worth ₹850 crore. It offers affordable housing finance, small business loans, farm and vehicle loans, and microfinance.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter